Synergy Resources Corp Sees Large Growth in Short Interest (SYRG)
Synergy Resources Corp (NYSE:SYRG) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 7,421,617 shares, a growth of 3.6% from the June 13th total of 7,161,501 shares, AnalystRatingsNetwork reports. Based on an average daily volume of 1,620,074 shares, the days-to-cover ratio is currently 4.6 days. Approximately 11.1% of the shares of the company are sold short.
SYRG has been the subject of a number of recent research reports. Analysts at Roth Capital raised their price target on shares of Synergy Resources Corp from $14.00 to $15.00 in a research note on Friday, May 30th. Separately, analysts at Brean Capital initiated coverage on shares of Synergy Resources Corp in a research note on Wednesday, May 14th. They set a “buy” rating and a $15.00 price target on the stock. Finally, analysts at Mizuho raised their price target on shares of Synergy Resources Corp from $13.00 to $15.00 in a research note on Monday, April 28th.
Synergy Resources Corp (NYSE:SYRG) traded down 0.80% on Thursday, hitting $12.38. The stock had a trading volume of 1,059,557 shares. Synergy Resources Corp has a 52-week low of $7.12 and a 52-week high of $14.11. The stock’s 50-day moving average is $12.33 and its 200-day moving average is $10.62. The company has a market cap of $955.6 million and a price-to-earnings ratio of 54.50.
Synergy Resources Corporation is an oil and gas operator in Colorado. The Company is focused on the acquisition, development, exploitation, exploration and production of oil and natural gas properties primarily located in the Denver-Julesburg Basin (NYSE:SYRG) in northeast Colorado.
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